About Ageas Federal Life Insurancecompany Limited
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Ageas Federal Life Insurancecompany Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ageas Insurance International Nv. It operates in the life insurance providers segment of the financial services sector. It was incorporated on 22 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66010MH2007PLC167164. Its GSTIN is 27AABCI6227M1ZB (Maharashtra). The company holds 22 GST registrations, all of them active.
The company has an authorised share capital of ₹2,500 Cr and a paid-up capital of ₹800 Cr. It was formerly known as Idbi Fortis Life Insurance Company Limited and Idbi Federal Life Insurance Company Limited. It is led by directors including Priya Krishnamoorthy and Gilke Eeckhoudt.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 22nd Floor A Wing Marathon Futurex N.M. Joshi Marg Lower Parel – East, Mumbai, Maharashtra, India – 400013.
The company has about 1,794 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ageas Federal and IDBI Federal. Court records list 116 cases involving the company, including 58 filed by the company and 58 filed against it; 17 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹799.95 Cr; the latest was in August 2024. Its 4 peer companies in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities) are compared by revenue, 1 larger and 3 smaller; the largest is Angelic Insurance Brokers Private Limited with revenue of ₹16.91 Lakh. The company has 14 MSME Form 1 returns on record between 2020 and 2024, listing 1,459 overdue payments to 157 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ageasfederal.com.
Company details
Name history
Ageas Federal Life Insurancecompany has undergone 2 name changes throughout its history. The company was previously known as Idbi Fortis Life Insurance Company Limited, and Idbi Federal Life Insurance Company Limited. The current legal name is Ageas Federal Life Insurancecompany Limited.
| Company Name | Status |
|---|---|
| Ageas Federal Life Insurancecompany Limited | Current |
| Idbi Fortis Life Insurance Company Limited | Previous |
| Idbi Federal Life Insurance Company Limited | Previous |
Contact details
Ageas Federal Life Insurancecompany Limited's registered office is in Mumbai, Maharashtra. Its website is ageasfederal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address22nd Floor A Wing Marathon Futurex N.M. Joshi Marg Lower Parel – East, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Life Insurance Providers
To see the full contact details of Ageas Federal Life Insurancecompany Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ageas Federal Life Insurancecompany operates two associated brands: Ageas Federal and IDBI Federal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Apps-based life insurance platform for individuals and businesses | ageasfederal.com | |
| Life insurance policies and retirement solutions are offered nationwide. | idbifederal.com |
Business activity
The main business activity of Ageas Federal Life Insurancecompany is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Ageas Federal Life Insurancecompany Limited, buy the company report.
Financials of Ageas Federal Life Insurancecompany Limited
FY 2025 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Ageas Federal Life Insurancecompany Limited, buy the company report.
Board of directors and KMP of Ageas Federal Life Insurancecompany Limited
Ageas Federal Life Insurancecompany Limited currently reports 11 directors and 3 key managerial personnel. 50 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Krishnamoorthy | Director | 28 Aug 2025 | 1 Years 2 Months | Current |
| Gilke Eeckhoudt | Director | 27 Oct 2023 | 3 Years 0 Months | Current |
| Venkateswaran Venkatraman Also directs: The Federal Bank Ltd, Federal Operations and Services Limited | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Virat Sunil Diwanji | Director | 24 May 2025 | 1 Years 5 Months | Current |
| Gaurav Seth | Cfo | 14 Feb 2025 | 1 Years 8 Months | Current |
| Vijay Kumar Gangrade | Company Secretary | 01 Apr 2025 | 1 Years 7 Months | Current |
Peer comparison
Ageas Federal Life Insurancecompany Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Angelic Insurance Brokers Private Limited | ₹16.91 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Proadvice Wealth Imf Private Limited | ₹9.29 Lakh (FY 2023) | 13472.0% | Mumbai, Maharashtra, India | |||
| Edelweiss Life Insurance Company Limited | ₹8.64 Lakh (FY 2020) | 14.0% | Mumbai, Maharashtra, India | |||
| Ananta Oorjaa Enterprise Private Limited | ₹5.88 Lakh (FY 2022) | -46.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ageas Federal Life Insurancecompany Limited, buy the company report.
Auditor
Ageas Federal Life Insurancecompany Limited is audited by KKC & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2024 | 105146W/W100621 |
Shareholding
The shareholding of Ageas Federal Life Insurancecompany Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ageas Federal Life Insurancecompany Limited, buy the company report.
Deals & funding
Ageas Federal Life Insurancecompany Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹799.95 Cr; the latest was in August 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Ageas Insurance International NV, 3 individuals Seller: IDBI Bank Limited, IDBI Bank Limited & Venkataramana Vankara, IDBI Bank Limited & Amit Rathee |
| Feb 2011 | Funding round | ₹350 Cr | Investors: IDBI Bank Limited, The Federal Bank Ltd , Ageas Insurance International NV |
| Feb 2009 | Funding round | ₹250 Cr | Investors: IDBI Bank Limited, The Federal Bank Ltd , Ageas Insurance International NV |
| Aug 2007 | Funding round | ₹199.95 Cr | Investors: IDBI Bank Limited, Ageas Insurance International NV, The Federal Bank Ltd |
| Jun 2007 | Secondary share transfer | Undisclosed | Buyer: IDBI Bank Limited Seller: 4 individuals |
To see the full deal history of Ageas Federal Life Insurancecompany Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ageas Federal Life Insurancecompany Limited has 116 court cases on record: 58 filed by Ageas Federal Life Insurancecompany, 58 filed against it. 17 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 23 | 7 |
| District courts | 44 | 30 | 6 |
| Supreme Court | 6 | 3 | 2 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 116)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0303-Arbitration Law and Other Alternative Dispute Resolution : Matters arising out of orders passed under Sections 9 and 17 of the Arbitration & Conciliation Act, 1996) | Filed against the company by Hindusthan Fluro Carbons Ltd. | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by JM Financial Asset Reconstruction Company Limited | Pending |
| District court, South, Delhi | Criminal case | Filed against the company by Ms Compass India Support Services Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed by the company against M.S. Destimoney Securities Pvt Ltd | Disposed |
| Bombay High Court | Court case (AAR) | Filed by the company against Myles High Hotels and Towers Pvt. Ltd Rep. THR. Its Authorised Signatory Mr. Alvaro Caitan Dias | Disposed |
To see the full case history of Ageas Federal Life Insurancecompany Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ageas Federal Life Insurancecompany Limited has 14 MSME Form 1 returns on record between 2020 and 2024, listing 1,459 overdue payments to 157 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 157)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aqm Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| USA Infotech Advisors Private Limited | |||
| Techfer Global Private Limited |
To see the full MSME payment records of Ageas Federal Life Insurancecompany Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ageas Federal Life Insurancecompany Limited has a workforce of 1,794 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ageas Federal Life Insurancecompany has 22 GST registrations: 22 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6227M1ZB | Maharashtra | Active | 01 Jul 2017 |
| 27AABCI6227M2ZA | Maharashtra | Active | 27 Jul 2017 |
| 03AABCI6227M1ZL | Punjab | Active | 01 Jul 2017 |
| 04AABCI6227M1ZJ | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ageas Federal Life Insurancecompany Limited, buy the company report.
Recent activity
Ageas Federal Life Insurancecompany Limited has 62 board changes on record since 2007: 14 appointments and 48 cessations. The latest: Gaurav Seth ceased to be CFO on 16 Sep 2025.
53 earlier events are in the company report.
News
Frequently asked questions
Ageas Federal Life Insurancecompany is an active public limited company based in Mumbai, Maharashtra, India. The company works in life insurance providers, within the financial services industry. It was incorporated on 22 January 2007 (19+ years old) and is registered under CIN U66010MH2007PLC167164.
Ageas Federal Life Insurancecompany has 14 current directors and KMP:
- Priya Krishnamoorthy - Director
- Gilke Eeckhoudt - Director
- Venkateswaran Venkatraman - Director
- Virat Sunil Diwanji - Director
- Filip Andre Lodewijk Coremans - Director
- Pennathur Subramaniam Prabhakar - Director
- Frank Johan Gerard Van Kempen - Director
- Sudhin Roychowdhury - Director
- Sridar Swamy - Director
- Kannan Gopalaraghavan Vellur - Director
- Mahendra Nathuram Bhagat - Director
- Gaurav Seth - Cfo
- Vijay Kumar Gangrade - Company Secretary
- Jude Pijush Gomes - Ceo
The latest financial statements of Ageas Federal Life Insurancecompany on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ageas Federal Life Insurancecompany is 27AABCI6227M1ZB, registered in Maharashtra. The company has 22 GST registrations in all, of which 22 are active. Other active GSTINs include 27AABCI6227M2ZA (Maharashtra), 03AABCI6227M1ZL (Punjab), 04AABCI6227M1ZJ (Chandigarh).
The CIN (Corporate Identification Number) of Ageas Federal Life Insurancecompany is U66010MH2007PLC167164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ageas Federal Life Insurancecompany has 116 court cases on record: 58 filed by the company and 58 filed against it. 17 are pending. Most are in the high courts.
Ageas Federal Life Insurancecompany was incorporated on 22 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ageas Federal Life Insurancecompany has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹799.95 Cr; the latest was in August 2024.
The peers of Ageas Federal Life Insurancecompany by revenue are Angelic Insurance Brokers Private Limited, Proadvice Wealth Imf Private Limited, Edelweiss Life Insurance Company Limited, Ananta Oorjaa Enterprise Private Limited, all in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities).
Gaurav Seth ceased to be CFO on 16 Sep 2025. Priya Krishnamoorthy was appointed as Director on 28 Aug 2025. Pennathur Subramaniam Prabhakar ceased to be Additional Director on 27 Aug 2025. Ageas Federal Life Insurancecompany has 62 board changes on record in total.
Ageas Federal Life Insurancecompany has 14 MSME Form 1 returns on record between 2020 and 2024, listing 1,459 overdue payments to 157 micro and small suppliers. The latest return was filed on 01 May 2024.
Ageas Federal Life Insurancecompany can be reached through the website ageasfederal.com. Its registered office is in Mumbai, Maharashtra, India.
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